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please answer the question fast PART 3 of 3 (10 points) Slower Company uses a job-order cost system in each of its two manufacturing departments.
please answer the question fast
PART 3 of 3 (10 points) Slower Company uses a job-order cost system in each of its two manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labour cost in Department A and machine hours in Department B. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year: Department A B Manufacturing overhead $1,056,000 $840,000 Direct labour cost... 264,000 600,000 Direct labour hours 12,000 40,000 Machine hours 75,000 84,000 During January, the job cost sheet showed the following costs and production data: Jobs 14 Direct materials used $34,000 Direct labour cost.. 24,000 Manufacturing overhead incurred 65,000 Direct labour hours 2,000 Machine hours 5,000 15 $31,000 25,500 35,000 1,700 4,000 Instructions a) Calculate the predetermined overhead rate for each department. (4 points) b) Calculate the total manufacturing cost assigned to jobs 14 and 15 in January (4 points) c) What is the purpose of job cost accounting? (2 points) Write your 3 responses in the space provided belowStep by Step Solution
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